Munich Personal RePEc Archive

The Impact of Price Controls on Mandatory Automobile Insurance Markets

Strauss, Jason (2006): The Impact of Price Controls on Mandatory Automobile Insurance Markets.

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Abstract

This is a theoretical paper that models a mandatory automobile insurance market using a partial equilibrium concept where automobile insurance is one good and a composite good represents all others. Price controls, heterogeneous service, administrative, and adjusting costs, as well as capital reserves and capital costs are all included in this simple model.

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